Use the following projections for Top-A1 Inc: total sales: $155,000 Cost of goods sold equal to 77.9
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Question:
Use the following projections for Top-A1 Inc:
total sales: $155,000
Cost of goods sold equal to 77.9 percent of sales
total expenses equal to 13.3. percent of sales
Tax rate of 35%
beginning equity of $52,700
Beginning inventory of $11,800
Age of ending inventory of 59 days
minimum cash balance of $9,700
Accounts receivable of 30 days
fixed assets of $63,900
Accounts payable of 35 days
Assume Top-A1 has a dividend payout of 42 percent and that the projected earnings are $8,866.
Create a pro-forma balance sheet. Calculate the long-term debt as the balancing amount.
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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